One of the issues originating from divorce is what to do with the family home you purchased during marriage. If neither partner wants to reside in the marital home or if neither can buy the other, selling that home is the only way out. You may also like to sell the home if you can’t maintain the property on your own as you are a single spouse now. Many couple put their family home on the market just because it is nothing but a reminder of painful relationship, causing mental trauma to them.
Whatever your reason is, selling your home in California after divorce is a daunting task. This is because you are not exactly ready to stage your home, dealing with appraisers and inspectors, and meeting the strange buyers when you’re trying to move on. As a result, the home remains unsold for longer while you continue to pay your mortgage.
In this scenario, you can sell your former matrimonial home faster in California by knowing market value, choosing good agents and preparing your home to sell.
Choose the Right Agent:
Generally, selling your home without agent is fine. But with your divorce status, count on an experienced real estate agent to sell your home. You can approach the agent who worked with you while you bought this home (but only if you found his services satisfactory). Otherwise, try to locate an agent who is “specialist” in selling divorcee’s properties.
Make sure your ex-spouse agrees on your decision. Make him or her understand that agent is the optimal medium to sell home in divorce case.
Fix Your Asking Price:
Before settling on any price tag, know the market value of the similar properties in your area. An overly priced home would sit on the market for longer while setting it on the low rates will be your loss. If you are not sure, consult your agent about fixing the asking price of your home.
Devote Time to Home Staging:
Preparing your home for buyers is the exhaustive part of the process, especially when you’re reinventing yourself after divorce. But if you want to sell your home, pick yourself up to make the home attractive for buyers. A few touchups like minor repairs, painting, tile replacement, bathroom and kitchen remodeling are essential to make your home sell quickly. You can convince your partner for that if you need money for the renovation. If none of the partners live there, you can leave the home to be remodeled by the agent.
May be you find relieve by keeping yourself busy in home staging work.
Make the Decisions Jointly:
If both spouses want to sell the home, they must work together. Review the offers you get from home buyers with your partner, especially if the property in a place where real estate market is unstable. You agent can put suggestions, but it’s up to both partners to make decision acceptable to all.
Divide the Proceeds:
Settle it beforehand that how much share each spouse get from the proceeds. Also decide in which way you want to get those proceeding. You can approach escrow Company to distribute the closing cash between you. You can demand for more share in the distribution if you’ve have paid home mortgages, expenses and other home obligations while in a marriage bond.
In this way, you can make your marital home sell quicker in California with these tips. Again, your ex-spouse’s consent is important at every step, thereby maintain a cordial and cooperative relationship during that phase.